High fidelity: getting attuned to Cuba’s new market beat

Abstract

Cuba’s “Special Period”, launched in 1990, was a reform program aimed at reversing the economic deterioration associated with the rapid disintegration of the Comecon trading bloc. It featured the attraction of foreign investment and tourism, privatization, currency reform, and a reorientation of trade patterns. Initially, the “Special Period” was unsuccessful as the Cuban economy further declined. Since 1994, there have been signs of improving conditions despite continued hardships. The “Special Period” has not brought about any significant political reform to accompany its economic reform.

Citation

Klinghoffer, A.J. (1998), "High fidelity: getting attuned to Cuba’s new market beat", Management Decision, Vol. 36 No. 3, pp. 175-179. https://doi.org/10.1108/00251749810208968